The Epic Energy Limited has approved in principal a proposal to issue and allot share warrants on preferencial basis to Soleos Energy Private Limited. Soleos would hold up to 18.16% of ....
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Epic Energy Limited's board has approved in-principle a plan to issue share warrants on a preferential basis to Soleos Energy Private Limited, an EPC and solar technology company. Once fully subscribed and converted, Soleos would hold up to 18.16% of Epic's post-conversion paid-up share capital, making it a significant strategic investor. The investment is intended to support Epic's growth in solar parks, EV charging infrastructure, and battery recycling operations. The exact issue price, number of warrants, conversion ratio, and timeline are yet to be disclosed and will be detailed in a postal ballot or EGM notice. The deal remains subject to shareholder and regulatory approvals.
The proposed investment signals strategic backing from a clean-energy EPC player, potentially strengthening Epic's project pipeline and execution capability, though existing shareholders will face dilution of up to ~18% once warrants convert. Near-term stock reaction may depend on the warrant issue price, which has not yet been disclosed.